Today's Purchases...HAHA FTGX@+43.98% RONC@+56.71% AVNX@+19.52% FNSR@+9.8% I should be charging for these picks!!!! Your Welcome (We can all take the street together) $CostAverageMAN
Mid Day Update The ussual Suspects up more than 4% again today MBAY (+27.6%), XSNX (+14.1%), WPSC (+5.9% Go Jeffery Gendell Go...The turn around specialist!!!), TRAD(+5.8%), ESLR(+4.5%), SIM(+4.6%), SPEX (+4.2%), AXTI(+4.7%) Todays New Purchases RONC(+49%). FTGX (39%), PTSC (28%), AVNX(23%), FNSR(14%), AFOP(14%) DVW (12%), Not expecting to be in the green today!!! looks like 65% down volume, 35% up volume Bought AFOP@1.92 MRVC@4.24 DVW@1.63 PTSC@1.87 PDA@64.45 EDAP@10.25 BCGI@1.96 PWI@27.25 Sold FTGX@3.92(Sold Half) RONC@5.62 (Sold Half) SIL@24.48 (Sold 3/4) OIS@43.10 (Sold ALL) AZK@2.11 (Sold ALL) XSNX@2.10 (Sold 1/2) PEIX@19.51 (Sold 1/2) ESLR@17.25 (Sold 2/5) 2 Day Chart RONC $CostAverageMAN
Of Course the day after I post some long reminder of some of the worst disasters in finacial markets...The Bond markets go wild and the 10 YR just takes off...Ever since we took the 2 and the 10 YR past 4.60%...I have been very worried!!!....I am just an old investor and this worries me...I saw a few thing that bothered me today.... 1st the 10 YR looks like it could easily go to 4.8 or 4.9 by next month....NOOOOOOOOOOOOOOOO...If we start getting closer to this without retracing back watch those short term profits disappear for the investors out their.... 2nd I see corrections coming for Emerging Markets (They need IT) But I feel if we lose the one place people HAD been able to go and get supperior returns they may start Cashin out Emerging Mkts and Other Domestic Positions as well...A Domino Effect..Cash could be getting pulled from everywhere....Not Good.. 3rd Brazil Looks as if they had a double top..Hit the resistance and dropped like a rock today(I got worried and just started pulling the trigger early on today, then when the US dropped at 1:30 Brazil tanked even further with no support (little buying action until late in the day)...The way I see it is This Market had started a mini correction about 2 weeks ago, but the goverment said that foreighn investors wouldn't have to pay a capital gains tax and it produced a great rally...One last time to sell at the top the way I see it...Brazil will have a mini correction and I think it started today..needless to say I pulled out 80% of my positions in my Brazil Banks today and so far have saved a pretty penny..Just getting out for the short term and trying to avoid the storm...(Not sayin good bye forever by any means) I try to antcipate these things and did do quite a bit of selling today....Pulled a cool Million+ out of equity today...(Mostly Brazil)..and Bought a little more Gold...I Did Too many things to list (All transactions on EXCEL) ,but really diversified some profit into a whole lot of small cap telco's (Fiber) and miners. Greatly increased Cash Position from 7% to 14% while adding 3% to Gold and small cap momentum plays.. Had some great Calls this morning with the 4 I listed this morning..I try to start every morning with my list of 100 that meet my requirements for a momentum play..Set those up on one screen to monitor and the first to show action I go for...Today had amazing results with the 4 listed, But I shot for 10 new positions from the start of the day..Did some dollar costing on a few old positions when we dropped.. and got stopped out of a few too... Today I had A Net Loss of $23,000+ with 150 Dec.// 61 Adv.// 2 UNCH...Would of been worse, but I was selling Brazil from the open. $CostAverageMAN
Brazil 3 Month Chart (See correction and then news of no Tax, now we go back to correction.) US Market not helping this either!!
Been in a global liquidation mode.....Sorry for no post... Told you about brazil correction coming!!!(((1000+ point drop today after an 800+ point drop yesterday))) Remember somtimes CASH is KING!!!
Not steel and alluminum they were the 1st to go today...Oil's got trimmed and oil trust got added too... Over 40 sells today!!!
I am new to the board, but this forum seems to provide some solid exchange of info which is a nice change from most other boards. I have normally invested in exchange traded funds, but the CEF's (if properly researched) seem to offer a better value. I am currently reviewing four CEF's: CET, BME, BDV and JHFT. I'd like to play some sectors with CEF's and BDV & JHFT (Financials) and BME (Pharma) provide some good alternatives (I think). I like CET because of the long history as well as the rich dividend and discount. However I noticed that it has a rather large investment in the "Plymouth Rock Group" and I have had a problem getting data on this company. I assume it is a LP or a privately held corporation. I would appreciate any help you could provide in CEF's in general or any info on the specific CEF's I mentioned or just some other CEF's that you feel represent a good option. Thanks, pv